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TheAspiringTrader

V-MART : Swing Opportunity

Long
V-MART RETAIL LTD (NSE:VMART)  
TheAspiringTrader  
NSE:VMART   V-MART RETAIL LTD
Support and Resistance Trend Lines Triangle swingtrading riskreward breakoutretest retest-structure priceaction Descending Triangle volumeanalysis consolidationwithlessvolume widerangecandles
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supportandresistance trendline triangle swingtrading riskreward breakoutretest retest-structure priceaction descendingtriangle volumeanalysis consolidationwithlessvolume widerangecandles
VMART is trading in a range after a huge volume breakout. The scrip is now at key support level taking multiple support at the previous resistance (S/R flip). The stock is also forming a descending triangle pattern. The volume is very less on consolidation. One can go long at CMP however this is a little risky bet as there is also one more support level at 3100 levels.

DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper risk management before taking your trade. Cheers! Happy Trading!
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